1) Use the "additional funds needed (AFN) equation illustrated in class to find Style's forecasted AFN under the following different scenarios (presuming AFN is borrowed or reflects debt repaid): growth rate = 25% growth rate = 0% payout ratio = 20% (with growth rate = 15%) payout ratio = 70% (with growth rate = 15%) interest rate = 4% (with growth rate = 15% and payout ratio = 45%) interest rate = 20% (with growth rate = 15% and payout ratio = 45%)